The BSE Sensex trades marginally lower in the opening hours of Thursday, a day after closing above the 30,000 mark for the first time. The broader NSE’s Nifty50, too, trades slightly lower than Wednesday’s closing figure of 9.352. The Indian rupee continues its upward trajectory against the US dollar. The shares of Adani Enterprises and Kotak Mahindra Bank rise in the opening hours, while those of Axis Bank and Marico Ltd fall on the BSE.

9.35am: BSE Sensex trades lower by 13 points, or 0.04%, to 30,121, while the Nifty 50 falls 4 points, or 0.04%, to 9348

9.32am: Axis Bank shares fall 1.5% to Rs512.95 after the bank saw slippages worth Rs4,811 crore. Total slippages from corporate lending stood at Rs4,320 crore, of which 83% came from a watch list of loans that the bank expects could turn bad. The watch list outstanding at the end of the March quarter was Rs9,436 crore.

9.30am: Kotak Mahindra Bank shares rise 1% to Rs909.05 ahead of its March quarter earnings. According to 13 Bloomberg analysts’ estimates, the bank may post net profit of Rs972.70 crore.

9.28am: Lakshmi Vilas Bank Ltd shares fall 5.2% to Rs186. The bank posted net profit of Rs52.16 crore in the March quarter, up 6.3% from Rs49.07 crore a year ago.